Just as today, in the years following World War II the United States faced a national debt exceeding 100% of GDP. Yet, by the early 1970s, that figure had fallen to around 30%. Many policymakers and commentators today point back at this period as proof that economic...
Economics
TGIF: Free the Housing Market!
by Sheldon Richman | Feb 21, 2025 | Economics, Featured Articles, Justice, Politics, Sheldon Richman, TGIF
Economist Bryan Caplan has done it again. His latest graphic nonfiction book is Build, Baby, Build: The Science and Ethics of Housing Regulation, illustrated by Ady Branzei and published by the Cato Institute. (His first was Open Borders: The Science and Ethics of...
Auditing America’s Gold Isn’t an Option, It’s a Necessity
by Jp Cortez | Feb 19, 2025 | Economics, Featured Articles
A Twitter/X exchange over the weekend is bringing new light to an issue long shrouded in mystery: the status of America’s purported stockpile of 8,133 tons of gold stored in Fort Knox and other government vaults across the country. News aggregator ZeroHedge tweeted at...

TGIF: Emergency! Emergency?
by Sheldon Richman | Feb 14, 2025 | Economics, Featured Articles, Justice, Libertarianism, Sheldon Richman, TGIF
Look, as a libertarian I think the list of federal entities to be abolished soon should include the: Consumer Financial Protection Board, Federal Trade Commission, Federal Communications Commission, Securities and Exchange Commission, Federal Reserve System,...

How to Reverse the Monetary Breakdown of the West
by Joseph Solis-Mullen | Feb 12, 2025 | Economics, Featured Articles
For more than half a century, the global economy has operated under a monetary system divorced from gold. The 1971 collapse of the Bretton Woods system, where the U.S. dollar’s convertibility to gold was suspended, ushered in the fiat money era, a regime in which...

Reform’s Plan to Save Britain from Booms and Busts
by Owen Ashworth | Feb 10, 2025 | Economics, Featured Articles
The newly born Reform Party UK, with its freshmen five members of Parliament, recently attempted to introduce a bill that would prohibit quantitative easing (QE) except for emergency situations. This was done through a procedure the British parliamentary system calls...
Abolish Antitrust!
by Sheldon Richman | Feb 8, 2025 | Blog, Economics, Justice
"That there is inequality of ability or monetary income on the free market should surprise no one. As we have seen above, men are not 'equal' in their tastes, interests, abilities, or locations. Resources are not distributed “equally” over the earth.16 This inequality...
Revisiting Rothbard’s Argument on Tariffs
by Joseph Solis-Mullen | Feb 6, 2025 | Economics, Featured Articles
As American consumers and businesses face the looming possibility of additional tariffs under a second Trump administration, it is worth revisiting the incisive critique of protectionism put forth by economist Murray Rothbard in his book Power and Market. Rothbard’s...